{"id":3270,"date":"2024-01-11T07:45:28","date_gmt":"2024-01-11T07:45:28","guid":{"rendered":"https:\/\/cryptobulls.biz\/blog\/?p=3270"},"modified":"2024-01-12T09:20:36","modified_gmt":"2024-01-12T09:20:36","slug":"standard-chartered-predicts-bitcoin-boom-a-surge-to-200000-by-2025","status":"publish","type":"post","link":"https:\/\/cryptobulls.biz\/blog\/standard-chartered-predicts-bitcoin-boom-a-surge-to-200000-by-2025\/","title":{"rendered":"Standard Chartered Predicts Bitcoin Boom: A Surge to $200,000 by 2025"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_56_1 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\"><p class=\"ez-toc-title\"><\/p>\n<\/div><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/cryptobulls.biz\/blog\/standard-chartered-predicts-bitcoin-boom-a-surge-to-200000-by-2025\/#Standard_Chartered_Executives_Foresee_Significant_Inflows_and_Rapid_Market_Development\" title=\"Standard Chartered Executives Foresee Significant Inflows and Rapid Market Development\">Standard Chartered Executives Foresee Significant Inflows and Rapid Market Development<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/cryptobulls.biz\/blog\/standard-chartered-predicts-bitcoin-boom-a-surge-to-200000-by-2025\/#Bitcoin_Network_Activity_Key_Factor_for_Price_Speculation\" title=\"Bitcoin Network Activity: Key Factor for Price Speculation&nbsp;\">Bitcoin Network Activity: Key Factor for Price Speculation&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/cryptobulls.biz\/blog\/standard-chartered-predicts-bitcoin-boom-a-surge-to-200000-by-2025\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n\n<p class=\"wp-block-paragraph\">Standard Chartered, a multinational bank, has issued a bullish forecast for Bitcoin, anticipating a potential surge to nearly $200,000 by 2024. The bank&#8217;s prediction hinges on the approval and success of Bitcoin exchange-traded funds (ETFs) in the United States, with an expected influx of $50-100 billion into these funds. This optimistic outlook is based on the assumption that between 437,000 and 1.32 million Bitcoin will be held in U.S.-listed Bitcoin ETFs by the end of 2024.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Standard_Chartered_Executives_Foresee_Significant_Inflows_and_Rapid_Market_Development\"><\/span>Standard Chartered Executives Foresee Significant Inflows and Rapid Market Development<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Standard Chartered&#8217;s head of digital assets, Geoff Kendrick, and precious metals analyst Suki Cooper have expressed optimism about Bitcoin&#8217;s potential trajectory, predicting a surge to nearly $200,000 by the end of 2025. They emphasize that this forecast is contingent on the approval and success of Bitcoin exchange-traded funds (ETFs) in the United States, anticipating significant inflows of $50-100 billion into these funds.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/cryptobulls.biz\/blog\/wp-content\/themes\/groovy\/assets\/images\/transparent.gif\" data-lazy=\"true\" data-src=\"https:\/\/lh7-us.googleusercontent.com\/45xY2oVAC7ZTmgb7UDIbXyfjkvtFGOL3YOIhiFVKMrhYDGN-FH_21UwLA0uQv-ylFkvuLyu3yKCLuEIuJzFRU1wsRZceJKbFy6ah4xuFltRJcxQD8uUc2LwB86fGSySOU6gHsrRXETnjCGzHyAa37yw\" alt=\"\"\/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">The executives draw parallels to the gold market, where a <strong>4.3 times increase<\/strong> in value occurred approximately seven to eight years after the launch of gold exchange-traded products. Kendrick and Cooper believe Bitcoin could experience similar gains but over a shorter one- to two-year period, reflecting the anticipated rapid development of the BTC ETF market.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The executives consider the approval of spot Bitcoin ETFs as a &#8220;watershed moment&#8221; for normalizing Bitcoin participation. Moreover, they align this latest <strong>$200,000<\/strong> prediction with their earlier forecast of <strong>$100,000<\/strong> for Bitcoin by the end of 2024.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Bitcoin_Network_Activity_Key_Factor_for_Price_Speculation\"><\/span>Bitcoin Network Activity: Key Factor for Price Speculation&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/cryptobulls.biz\/blog\/wp-content\/themes\/groovy\/assets\/images\/transparent.gif\" data-lazy=\"true\" data-src=\"https:\/\/lh7-us.googleusercontent.com\/0vI3VKTlRVH7zRIpK_kjK77z-le5j4dTJ2PJkQmcdzE8D_-46OHrrYb2MEF_sUQcSB3XvX5DesAnAMdjOl8KsWOdvAqFQtSiQX4yuEWaVsd-F_5BARXZeSFEEUVsBaOTYH91W2YWRLKpP3zVeZo7f4I\" alt=\"\"\/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">While attention is often focused on spot Bitcoin ETFs, industry expert Jamie Coutts, a blockchain strategist at Pragmatic Blockchain Research, highlights the importance of considering Bitcoin&#8217;s strengthened network fundamentals. Coutts points to a logarithmic &#8220;Bitcoin Network Activity&#8221; graph, indicating that Bitcoin&#8217;s fundamentals are at an all-time high. Despite this, he notes that Bitcoin is still 40% below its peak, suggesting it is undervalued, especially given its robust network fundamentals and emerging use cases like inscriptions.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Standard Chartered&#8217;s optimistic prediction of Bitcoin reaching nearly $200,000 by the end of 2025, contingent on the success of spot Bitcoin ETFs in the U.S., underscores the transformative potential of regulatory developments in the cryptocurrency market. The executives&#8217; comparison to the gold market and anticipation of rapid ETF market development signals a positive outlook for Bitcoin&#8217;s future. Additionally, industry experts emphasizing Bitcoin&#8217;s strengthened network fundamentals further contribute to the growing narrative of the cryptocurrency&#8217;s enduring value and potential for future growth.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Standard Chartered, a multinational bank, has issued a bullish forecast for Bitcoin, anticipating a potential surge to nearly $200,000 by 2024. The bank&#8217;s prediction hinges&#8230;<\/p>\n","protected":false},"author":1,"featured_media":3287,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wpscppro_dont_share_socialmedia":false,"_wpscppro_custom_social_share_image":""},"categories":[3],"tags":[],"class_list":["post-3270","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/cryptobulls.biz\/blog\/wp-json\/wp\/v2\/posts\/3270","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptobulls.biz\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptobulls.biz\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptobulls.biz\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptobulls.biz\/blog\/wp-json\/wp\/v2\/comments?post=3270"}],"version-history":[{"count":1,"href":"https:\/\/cryptobulls.biz\/blog\/wp-json\/wp\/v2\/posts\/3270\/revisions"}],"predecessor-version":[{"id":3271,"href":"https:\/\/cryptobulls.biz\/blog\/wp-json\/wp\/v2\/posts\/3270\/revisions\/3271"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptobulls.biz\/blog\/wp-json\/wp\/v2\/media\/3287"}],"wp:attachment":[{"href":"https:\/\/cryptobulls.biz\/blog\/wp-json\/wp\/v2\/media?parent=3270"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptobulls.biz\/blog\/wp-json\/wp\/v2\/categories?post=3270"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptobulls.biz\/blog\/wp-json\/wp\/v2\/tags?post=3270"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}